Vocabulary 1
Vocabulary 2
Types of Resources
Examples of Resources
How Do you Do?
100
A person who grows, makes, or sells products.
What is a producer?
100
Hard to find because there isn't must of it.
What is scarcity?
100
You can find this type of resource in nature.
What is natural?
100
Roads, machines, cars....
What is capital?
100
Name a good and a service
Answers will vary.
200
The money people earn for the work they do.
What is an income?
200
Where goods and services are bought and sold.
What is marketplace?
200
Resources made by people.
What is human?
200
Sun, wind, tree...
What is natural?
200
The currency in the United States.
What is dollars and coins?
300
Exchanging something without using money.
What is bartering?
300
The work a person does to earn money.
What is occupation?
300
Resources that are started by risking everything in a business.
What is entrepreneur?
300
Knowledge, skills, labor.
What is human?
300
People earn an income by doing this.
What is working?
400
A person who buys and uses goods and services.
What is a consumer?
400
The amount producers will maker for a certain.
What is supply?
400
Resources used to help build something.
What is capital?
400
Oil is this kind of natural resource.
What is nonrenewable?
400
I make $20. My budget is to spend $8, and I can save this much.
What is $12?
500
The freedom to star and run any kind of business.
What is free enterprise?
500
Consumers and producers depend on each other.
What is interdependent?
500
Natural resources that cannot be replaced.
What is nonrenewable?
500
Sun and wind are this kind of natural resources.
What is flow?
500
Spiderman wants to buy a new suit that he needs or a car like Batman. The opportunity cost is this if he buys the new car.
What is the new suit?
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